BTC, Huge Rally AheadThe prices of Bitcoin have been trading in a consolidated range for the past two months. The defining moment looks to be approaching at a fast pace. However, we must gravitate towards this with caution. That the rally will happen there's no doubt, the trick is in determining when.
As of right now, there are two main possibilities, in my view, for the course of action of BTC, and they both depend on the level crossing or not crossing level 97,319. If the price is capable of holding the level and crosses above 101,200 we can fairly confidently see the price continue to past its all-time high.
However, if it were to come down and past 97,319 then we are likely in for a retracement that will consume more time and travel deeper past our last marked 4th wave low. In the end it all hangs upon the price reaction around this level, making this an important decision-making juncture.
Happy Trading:)